Retail premises for sale in Boutport Street, Barnstaple EX31

£299,950 (£299,950/sq. ft)
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Retail premises for sale 1 sq. ft*
Tenure: Not available Council tax band: Not available

Property description

Location


The premises occupy a busy town centre trading position located at the southern end of Boutport Street, close to the junction with the main High Street.

The premises adjoin Youing's toy shop on one side and hairdressers on the other and are close to the Royal and Fortescue Hotel.

The premises have a long frontage on to Boutport Street and the benefit of a separate staircase to the upper floors.

Barnstaple is North Devon's regional centre with a host of shopping facilities and supermarkets and a regional railway station leading to Exeter and the main network.

The town has a population in excess of 27,500 inhabitants and serves the local rural community with the hinterland having a population of over 127,000 inhabitants.


The premises


The premises comprise of a ground floor shop of approximate measurements 59'8" maximum depth x 23'2" maximum width.

The upper floors are accessed from a side entrance hall with a communal staircase to the first floor and a self-contained office.

To the second floor there is a two bedroom self-contained spacious apartment and to the top floor, two spacious rooms considered for further conversion to an apartment, subject to obtaining the usual planning consents.


Tenure


The ground floor shop is now let at a rental of £14,000 per annum on the basis of a lease, details of which are to be made available to seriously interested parties.

The first floor offices are vacant however the passing rent previously achieved was around £3,000 per annum.

The second floor self-contained 2 bedroom apartment is currently vacant but has previously been let for a rental in the region of £595 per calendar month.

The two top floor rooms are currently vacant but could easily be converted to a 1 or 2 bedroom flat, subject to usual building regulations and planning consents to provide a further supplementary income.

This is a mixed residential and commercial investment opportunity with a possibility of providing an income. If all floors are fully let subject to all necessary consents and conversions the income would be in the region of £24,000 per annum.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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Webbers Commercial, EX31 on +44 1271 618961 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Webbers Commercial, and do not constitute property particulars. Please contact Webbers Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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